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in the fiscal cliff negotiations. >> tom: that and more tonight on "n.b.r."! >> susie: the job market is proving to be surprisingly resilient. american employers hired 146,000 workers in november, much more than expected. and the unemployment rate fell to 7.7%, the lowest level since december of 2008. as erika miller reports, that wasn't the only surprise in today's report. >> reporter: almost no one on wall street saw this good news coming. there was every reason to think hiring would be weak last month. after all, many parts of the east coast are still recovering from devastation caused by superstorm sandy. >> i think the most likely explanation here is sandy's impact was significant but was so short-lived that it didn't extend to the sample period of the employment report which was the week that covered november 12. >> reporter: hiring was also supposed to be weak due to worries about the fiscal cliff. with $600 billion in automatic tax hikes and government spending cuts set to start next yer, why aren't more firms postponing hiring decisions? >> what we're hearing from businesses is that it
, republican and democrats will handle this jobs report in their fiscal cliff negotiations? >> well, you know, you're right. some folks look at this and say the economy's strong enough. it should be able to digest big tax increases spending cuts. others look at it and say look we still have a very high unemployment rate, a long way to go to get back to full employment. the economy can't tolerate big tax increases and spending cuts. most political debates the reality is in between. we do need to address our fiscal problem so we do need to go through some spending cuts and we also need some tax revenue increases. but we have to phase it in over time, otherwise the economy will choke on that. we can't have too much restraint too quickly. so we have to phase this in, smooth it in to make it palpable for the economy. >> susie: until that happens, there is a lot of anxiety in the labor market. the big fear for many individuals and for investors is that companies are going to start laying off workers. we saw this week that cities have announced 11,000 job cuts, is this the beginning of a trend, mar
cliff negotiations in washington are still up in the air. most lawmakers have gone home for a long weekend. this, as treasury secretary timothy geithner says the obama administration is willing to go over the fiscal cliff. nbc's tracie potts joins us live from washington with app update on all of this. tracie, good morning to you. >> reporter: lynn, not quite empty. a lot of lawmakers on a long weekend break. take a look at some of the frustrated constituents they'll face. a protest in baltimore over social security, not the check but the jobs. the people who work in the offices who fear there could be super long lines for taxpayers if, in fact, their jobs are cut in all of this. so where do we stand today? there's a hearing today on capitol hill. the joint economic committee hearing on what can be done for the fiscal cliff. treasury secretary timothy geithner says the administration is willing to go over the cliff, let taxes go up, let these taxes happen if republicans press the idea of no tax increases for the wealthy. the latest we've learned, president obama and house speaker j
the unemployment and that's got to be part of the fiscal cliff negotiations that. is something that the republicans have to deal with. and i think the republicans and making sure that the debt ceiling is extended for a long time because the one thing that could hurt the economy even more than going off some curb or cliff or slope is if we had a rep tilgs of the debt ceiling battle that we had in 2011. >> so in your view right now, you think that we're past -- potentially past the tax reform question? it's about not the stimulus money but the debt ceiling negotiation and it's important because many communities are not impacted by private sector job growth and need the public sector jobs that the stimulus would bring. >> yes. i think that, you know, you can't declare something done until it's done. but i think all of the signals you're getting from the republicans is that they realize that the last thing they need to be doing right now is to look like they are holding up middle class tax cuts to protect tax cuts for the very wealthy. that's not where they want to be and somewhere deep inside they kno
analysts jamie dupree will tell us about the two words we are not hearing in the fiscal cliff negotiations. >>> 7:36. software company founder john mcafee could soon return to the united states. his attorney says a guatemala judge has ruled that mcafee adetention in that country is illegal and he could be released as soon as today. mcafee was detained in guatemala last week after entering the country illegally to avoid police in belize who wanted to question mack afy about the fatal shooting of his neighbor. mca -- mcafee has said he wishes to return to the u.s. so he can live in peace. >>> continuing coverage on the shooting in portland, oregon. here's more. >> reporter: good morning, tori. the mall here is closed at this point while police continue their investigation and what motivated this young man to come in yesterday in a crowded mall, people were christmas shopping. we have video -- video. we can show you aerial as police converged on this location. witnesses describe him wearing a hockey style mask, dark cam mow, body armor as -- dark camo, body armor. witnesses say he walked into
miklaszewski, nbc news, pentagon. >>> back here at home, fiscal cliff negotiations in washington are still up in the air. most lawmakers have gone home for a long weekend break. this as timothy geithner says the obama administration is willing to go over the fiscal cliff. nbc's tracie potts joins us live from washington with an update. good morning to you. >> reporter: let's start with geithner. he told cnbc that instead of continuing tax breaks for the wealthy, the obama administration is willing to go over this cliff which means they're willing to let your taxes go up and unemployment checks go away massive spending cuts happen if the pentagon instead of continuing the tax breaks for the wealthy. now there's been very little progress here on chiapitol hill which is why so many have gone home. we know that president obama and john boehner spoke by phone. republican sources telling us they had a conversation yesterday. we don't have a readout on what that was about. we don't know that if any meetings have been scheduled. but any small sign of progress is welcome here on capitol hill. now with
this morning. u.s. stock futures are trading higher. the foj kus is on washington as fiscal cliff negotiations continue. we will also get an update on the health of the labor market when the weekly jobless claims report comes out later this month. >>> by now you all know the siren logo. >> many of you will grab a cup of coffee this morning. starbucks ceo has sobering advice to offer on the looming fiscal cliff, that the consequences will be far worse than last year's debt ceiling fight when the u.s. credit rating was downgraded for the first time ever. his message to lawmakers, now is not the time to play politics. it's about doing right by the american people. >> i think if people would get in the room and leave their ego behind, and not be so skewed towards the party but be so sensitive to the lens of the american people, we will have an agreement. >> poppy harlow is joining us with more. we've been talking about how this will affect us. schultz says this goes way beyond our boarders. >> it's global. something that stuck with me talking to him about this, the people who need a deal most will
negotiations that are going on now and the fiscal cliff, but what's really important is that both senator baucus and his counterpart in the house, chairman camp work together i believe on developing ideas for tax reform will be some of the lead folks who are shepherding whatever kind of framework, hopefully comes out of the fiscal cliff to their committees to help develop the details of how to do entitlement reform and tax reform. so we are very like you have with us today chairmen bockius who is somebody who's been thinking about these ideas for quite some time, hazard immense amount of expertise and will talk to us today about where the situation stands and where hopefully we will be able to move from there. thank you so much, senator. [applause] >> thank you very much, maya. thank everyone here for fix the debt, putting the fix to get conference together. this is an interesting senate. have my back to all these a luminaries here. i don't know whether there will be darts in my back or spitballs, whatever it's going to be, but it's good to be here and try to help any way i can. i first w
larson on the fiscal cliff negotiations. after that, we will hear from stephen ohlemacher. you can see "washington journal" everyday life at 7 p.m. -- 7 a.m. eastern here on c-span. coming up next on c-span, the in going an upcoming german discusses what they want to see and a and budget deal. then david walker and rudy penner discuss the fiscal cliff negotiations. later, a discussion on the potential impacts of the negotiations and state budgets. >> the white house was very controversial, as most americans were. they designed washington city. there was competition. he designed a design for a palace. it was not particularly awe- inspiring. in fact, a european diplomat told congress it was neither large or awe-inspiring. but the answer the congressman gave was the building serves its purpose. it is larger and more elegant. photo mer new york times bodh critic on the white house. watch it on sunday on c-span three on "american history tv per." >> congressman steve scalise and jim jordan. >> thank you for coming. to delighted to welcome you a presentation by the outgoing and incoming chai
to talk with you. much more on the fiscal cliff, the negotiations that went to college. we will take that up with the "a-team" and throughout the broadcast tonight. arabs bring to winter of discootent. chemical weapons, iranian nukes, tens of thousands protesting ease of snow is dictated. is u.s. intervention next? carl oliver north joins us in moments. runaway spending, our national debt top $16 trillion. who is doing the math? my next guest says it is all worse than people no. former house ways and means committee chairman bill archer after the break. this family used capital one venture miles to come home for the holidays. that's double miles you can actuallyse... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bes, doesn't it? my gifto you! the capital one venture card! for any flightany time! th's double miles n actually use! how illuminating. what's in your walle let me guess, am on t naugh list again? ho ho ho! i've been fortate to w golf's biggest ages. but wh joint pn and stiffness from psoriatic arthr
: as always. goo talk wit ou. much more on the fiscal cliff, the negotiations that wt to college. we will take that up wit the "a-team" and throughout the broadcast tonight. arabs brg to winter of discootent. chemical wapons, iranian nukes, tensf thousands protesting ease of snow is dictated. is u.s. intervention next? carl oliver north joins us in moments. runaway spending, our natinal debt top $16 trillion. whis doing the math? my next gest says it is all rse than people no. former house ways and means committee chairman bill archer aftethe break. ligations, but obligatio. i need trethink the core omy portfolio. what i really need is slee introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 choose ishares for their etfs. ishares by blackrock. call-800-ishares for a prospectus which incdes investment objectives, risks, cha and expenses. ad and consider it carefully before investing. risk includes possible loss of principal. ♪ lou: $16 trillion in national debt, so put tat figure closer to a nearly $90 trillion. among them, a fomer ways and
on averting the fiscal cliff. negotiations are pretty much at a standstill, but if you ask house speaker john boehner, he has an idea of who's holding things up. >> there are a lot of things that are possible to put the revenue the president seeks on the table. but none of it's going to be impossible. the president insists on his position. insists on my way or the highway. >> in his weekly white house address this morning, president obama responded to boehner's remark. >> i'm willing to make more entitlement spending cuts on top of the one trillion dollars in spending cuts i signed into law last year. but if we're serious about reducing our deficit while still investing in things like education and research that are important to growing our economy, and if we're serious about protecting middle class families, then we're also going to have to ask the wealthiest americans to pay higher tax rates. that's one principle i won't compromise on. >>> holiday hiring may have given a big boost to the jobs report released yesterday. retail hirers hired more people than any month on record since 1939. 146
for next year. and as the fiscal cliff negotiations continue we spoke earlier today with a capitol hill reporter. >> what was the purpose of speaker boehner's appearance to speak about the fiscal cliff? >> you saw each major congressional player give some sort of speech but i think anything happening of consequence is happening between speaker bayne around the president and it's happening in a closely guarded, off-camera, way, they're actually trying to negotiate a deal and the rule of washington is when a deal is being done, people don't talk about it. when a deal is collapse, you know because they're both shouting about what the other side is doing. you saw speaker boehner and senate leader mitch mcconnel and jay carney from the white house press room, nancy pelosi, and harry reid saying we still want to see what they're willing to do before we move forward. it's the same line we've heard for a long time, we're just closer to the deadline now. >> in harry reid's comments he seemed to give an indication of a timetable. did he seem optimistic or pessimistic about getting it done? >> he
of the fiscal cliff on state budgets. >> wednesday on, "washington journal," ongoing negotiations on the so-called fiscal cliff. then, we hear from the associated press on how congressional leaders plan to handle social security as part of the talks. later, more on the role of social security ahead with the aarp and the heritage foundation. "washington journal" is live every day at 7:00 a.m. eastern. >> the white house was very controversial, as most things in america were. the man who designed washington city -- there was competition. he submitted a design for a palace. americans were not having a palace. it was not particularly odd inspiring. in fact, in 1821, a european diplomat told the congress it was neither large nor on inspiring. -- awe-inspiring. the congressman answered, the building served its purpose. if it were larger and more elegant, perhaps some president would be inclined to become its permanent resident. >> a former new york times book critic has gathered a few of her favorite white house photos. what sunday evening, at 7:30 eastern and pacific, on american history tv. >>
on the fiscal cliff, so why are so many lawmakers had enough of washington? later, we are joined with a later, we are joined with a hyundai -- holiday-themed >> negotiations in washington are up in the air and with nothing to vote on most lawmakers are headed home for the weekend, but legislators are likely to get an earful about their lack of progress. >> lawmakers getting a lot of washington while they can. >> we have heard eric cantor and house republicans forcing members to be in town for the christmas holiday if the deal is not done before that. >> leave us alone. >> these are the frustrated constituents they will face it social security jobs are cut. >> there will be backlog and disabilities will skyrocket. processing times will skyrocket. >> the few lawmakers left on capitol hill will get some advice when economist mark zandi testifies, and more fallout according to the treasury secretary. >> his did administration prepared to go after the fiscal cliff? >> absolutely. >> a source tells of president obama and john boehner spoke by phone. >> we cannot negotiate by ourselves. >> the hold
negotiations over the fiscal cliff. if that issue is not resolved in time, we will have uncertainty in the new year. at this point, the negotiations are now down to president obama and john boehner. >> we mentioned superstore senate. why should that storm play a big role in the jobs report? >> we hear about new york and new jersey being impacted. 24 states were impacted. retailers closed and other businesses closed. if there was no super storm sandy, the economy could have added 200,000 jobs. instead we are looking at at about 100,000 jobs. >> 5:07. 33 degrees at the airport. and get some ceremonies to remember the anniversary of the attack on pearl harbor. >> attempting to hand over classified information. what he tried to leak. >> this is exit 17 at padonia road. volume is still light. weather and traffic when we come weather and traffic when we come back ♪ ♪ no two people have the same financial goals. pnc works with you to understand yours and help plan for your retirement. visit a branch or call now for your personal retirement review. >> good morning. 5:10. friday morning. closer to
negotiation. one day you have tim geithner saying they are prepared to go over the fiscal cliff. the same day, the white house is meeting with latino groups the next day african-american groups saying why it's terrible to go over the fiscal cliff. you have negotiation on many tracks. >> i like to talk about why raising medicare age is a bad idea. first of all, really, what it is is a shift of cost from the federal government to employers, seniors and states. in fact, because medicare is cheaper for beneficiaries, it's increasing. a president who ran on lowering national health care cost, it was one of the reasons why we have the affordable care act. it's when you increase the costs for everybody, and we'll cut out hundreds of thousands of seniors. the seniors are the hardest to ensure. you are raising costs of the medicare program, shifting costs to employers because they have to shift costs. it's making us less competitive. i don't understand -- >> what they are saying, what the signal the white house and its allies on this front would be sending out there is they say jonathan wrote this, th
on c- span. and john boehner are just spoke to reporters on capitol hill, on the so-called fiscal cliff negotiations and the economy, including this morning's release on the november jobs numbers. here are his comments. >> good morning, everyone. this is not a progress report, because there is no progress to report. when it comes to the fiscal cliff threatening the economy and jobs, the white house has wasted another week. eight days ago the treasury secretary came here to offer a plan that had twice the planned tax hikes the president campaigned on. more stimulus spending than the added cuts, and did and didn't but net -- in definite increase on the debt limit. four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there has been no counter offer from the white house. instead, records indicate the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. intent of reforming the tax code, the president wants to raise tax rates. even if the president got the tax rate hikes h
caucus chairman talks about negotiations on the so- called fiscal cliff. at 8:30
on their face-to-face negotiations at the white house sunday as they try to avoid the fiscal cliff. as the clock ticks down, it appears some republicans may be softening their stance. brian mooar with the latest on this story. >> reporter: president obama and house speaker john boehner were behind closed doors trying to break the tax and spending stalemate that threatens to take the country over the fiscal cliff in just over three weeks. meanwhile, one by one republicans are bowing to the president's demand that taxes go up for the wealthy. >> will i accept a tax increase as a part of a deal to actually solve our problems? yes. >> we don't have a lot of cards as it relates to the tax issue before year end. i mean, we have one house, that's it. the presidency and the senate in the democrats' hands. >> since we agree with democrats, 98% of the american people and 80% of the bush tax cuts, to me i would get that off the table so they don't worry about it. >> reporter: democrats insist taxes are going up on the rich no matter what. >> if you don't increase tax rates on the highest 2% of income earne
that the negotiations to avert the fiscal cliff are successful, in my view we should not wait for a grand bargain in order to finish work on this important tax extender legislation. tax extenders are different from the other fiscal cliff issues for three basic reasons, and let me describe those reasons. first tax extenders are much less contentious than the other end of year problems that we -- that need to be resolved. the tax extender bill on the senate calendar has strong bipartisan support. in august, the finance committee approved it by a large margin. we have support from six republicans, including the ranking member, senator hatch. all 13 democrats supported it. i believe that many more republicans will vote for this legislation if it's brought up for consideration here in the senate. the bill consists entirely of tax cuts. it should not be difficult to get senators to vote for tax cuts, right before christmas especially. most of these tax cuts have solid bipartisan support. many of these tax cuts will help the economy, will help the middle class. for example, the bill includes the deducti
the white house stance on negotiations of the fiscal cliff. this is about 15 minutes. >> i went to begin by thanking all the folks around the table here for sharing their personal stories with may about how this increase in taxes -- my friend fernand no calculated it down to the penny. each of their stories are different. maybe after i head out, they will be willing to talk to you. the bottom line was that there is -- in the neighborhood we come from, there are $2,000 to $4,000 less in your paycheck next year makes the material difference in the way [indiscernible] i will let them decide the way to tell their personal stories spending one person at this table has two children with severe disabilities. twins come a beautiful little girls. a lot of programs they desperately need -- and number of them are paid for or made available and possible because of state and federal programs. the things that do not cover that make a real difference in their lives -- they have a problem that is -- what is the phrase? which means that they have trouble controlling their muscles, their body functions, t
for the worst if negotiations fail to avoid the fiscal cliff. >> one possibility in all of this, simply no agreement. the impact on the government and every single american taxpayer. it's thursday, december 6th. >> announcer: from abc news, this is "world news now." >>> good thursday morning. >> morning. >> i'm paula faris. we did establish morning is spelled m-e-r-n-i-n-g. >> m-e-r-n-i-n-g. nicely done. >> "merning," everybody. >> i'm rob nelson. we'll get to the discouraging situation on the fiscal cliff in just a moment. and we do have even a visual this morning. >> not yet. >> going to wait for it? very high tech. >> so high tech. working on this prop all day. all morning. >> weeks of planning. >>> we also have a major development in the case of software mogul john mcafee he was actually arrested last night. and this morning, police are taking more action after he tried to seek asylum in guatemala. a strange story gets even stranger. again he is now under arrest. >> bizarre to the nth degree there. >> yeah. >>> also this morning -- weeding through all the details on washington state
operation twist is coming to an end. b, because we have the fiscal cliff or fiscal gentle slope or whatever it turns out to be to negotiate and c, because we haven't found our legs in the u.s. and we clearly have some global headwinds coming in 2013. however, the thing about this qe in the u.s., unlike previous ones where they could see big economic problems, let's comfort the market with a really big number, this time we're going to do it month by month. solo the annual figures look very big, they're going to halt qe as long as it looks like there's inflation. >> which means there might not be much market reaction as investors realize that. >>> find out what travelers are still flocking to the shores and how much of that money contributes to eugdp. be back in a few minutes. can i ? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on grou at fedex office. >>> these are the headlin
" continues. host: we have been breaking apart the fiscal cliff talks, looking a different policy aspects of the negotiations and today we focus on domestic spending. charles clark, senior correspondent with government executive me -- media group is here. sequestration, if it happens, we talk about automatic spending cuts, but what is sequestration? they usedthe 1980's, to talk about the vegomatic, a late-night advertisement that did the cutting for you. in 2011, congress had a super committee that was supposed to determine the cuts and they failed. the backup plan was something nobody wanted, but it was supposed to put fear into everyone, and that was across- the-board cuts of about $500 billion over 10 years. host: in domestic spending? guest: yes, and another $500 billion in national security- related spending. host: in 2013, we're talking about a total of $109 billion in cuts. discretionary spending makes up about $38 billion. non-defense mandatory makes up about $17 billion. can you explain the difference? guest: mandatory has to do with entitlement programs that beneficiaries are pe
on that "fiscal cliff." >> there will be no deal without a compromise on taxes. >> state lawmakers fixing their cars on your dime. >> as a taxpayer, you know, it's my money going to it so it's certainly frustrating. >> oakland police fend off the feds. >> most importantly, what they avoid is a complete federal takeover something that would be an embarrassment for the city. >> i have documentation that proves the intense corruption at all levels of the belizian government. >> busted and heading back to belize. silicon valley tycoon john mcafee is now under arrest. >> the dungeness crab season just got started and already, the boats are idle. >> from across the bay -- >> it's just imagine cal for me. >> -- to around the world, the stories that matter on "eyewitness news this morning." >> your realtime captioner: linda marie macdonald captions by: caption colorado >>> good morning, it's thursday, december 6. i'm michelle griego. >> hi, everyone. i'm frank mallicoat. it is 6:30 on this thursday. >>> a broken hydrant left a wet mess in downtown san francisco. road
% surveyed said a deal to avoid the fiscal cliff by year end. 44% predict failure in the ongoing negotiations. >>> let's get back to the jobs report due out, in less than 30 minutes, joining us now is mark zandi, chief economist at moody's analytics and jared bernstein former economic adviser to vice president joe biden. he has the finest nod and smile when he's introduced of any of our guests, he's currently a senior fellow. do you practice in front of a mirror, jared? >> i'm just so happy to see you guys. >> it's totally natural the way it happened. >> this is what i like to do at 7:00 a.m. in the morning. it's 8:00 now. this is what i like to do at 8:00 a.m. in the morning. >> we're glad to have you. >> especially with mark "hurricane" zandi. >> i know. he's a boxer. the hurricane. >> the hurricane zandi. >> i got to work on my smile. i have no hair. i better get the smile right. >> you just mentioned jeffries moving up its dividends. d.r. horton is the latest. it's now saying its dividends for all of 2013 will be accelerated and paying 15 cents a share paying at the end of this year. >> t
negotiation until the end. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. a lot of things are possible to put the revenue the president seeks on the table, but none of it's going to be impossib impossible. the president insists on his position, insists on my way or the highway. that's not the way to get to an agreement i figure is important for the american people and very important for our economy. >> clayton: and it looks like, as governor huckabee was talking about, talked in general terms about this, democrats are in the driving seat, right? the president won the reelection, the polls are wildly in his favor and 20% would blame-- over 20% margin would blame republicans if this things goes south. is that what the president is doing, sitting o saying, i'm in the driver's seat here, you guys work it out, we'll get to it when we get to it. >> ainsley: and the government is spending other 4 billion a day and republicans say some spending and the democrats say we've got the solution, keep spending. and you've got
with the president's position on tax hikes. furthermore, if this fiscal cliff happened 23 days from now, the president, if he doesn't do anything, those bush tax cuts expire, no negotiation at all. the bush tax cuts expire and the defense cuts go into place if the president basically doesn't return phone calls. >> speaking of polls, a lot of polls show if that happens, the republicans will be blamed for it, not the president. >> clayton: like 1995 all over again. >> mike: exactly. so representative randy forbes out of virginia says, maybe the president doesn't want an agreement really? listen. >> the president doesn't really want to get an agreement or a compromise, he wants to get his way and that's why he won't come to the table with any serious proposal and simply talk because i think if we do that, we can get a solution that everybody could live with. we're willing to sit down and negotiate and talk about the ideas and proposals, where is the senate and the president. the american people can hear what they're putting on the table and second realizing the senate and president are ju
department programs for next year. off the floor, negotiations continuing over what is called the fiscal cliff -- the combination of tax increases and spending cuts unless congress takes action. that's live tomorrow, here on c- span. next, the government's role on innovation and the economy. participating in the discussions is glenn hutchins, a former adviser to bill clinton and the google public policy and government relations and vice- president. it was a nearly hour-long the event of the by the center for american progress. >> that is a tough act to follow. i'm al hunt. let me just give you one quick story. i met her when she was policy director for hillary clinton and barack obama. i did a column one time in which i referred to her as the sugar ray robinson of policy directors. it sugarn't remember ray robinson, he was pound for pound, the greatest boxer in the history of the game. when i see here, i say hi, sugar. one of my younger reporters over heard this and said is he old? he's just a different generation. i'm sorry, sugar. [laughter] >> i'm glad you explained that. >> is terrif
on one. keep in mind they're the ones trying to do the deal here to avert this fiscal cliff. the tax hikes, the spending cutting scheduled for the first of the week now. join ming me from washington is senator olympia snowe. are you hearing -- what might you be hearing between the president and spirit? >> i think it is optimistic in the sense that at least they have met once again because i think that that is going to be crucial and central to any resolution, to the fiscal cliff crisis. and the more they meet and more that they have these lines of communications opened on a daily basis and their staffs are meeting, the more likely we'll see a conclusion to this issue. but it is regrettable that it is this late in the day, given the uncertainty and the apprehension that it continues to create among the american people, and, of course, both within the markets here and abroad. but i think it is hopeful that they have begun to meet and have some discussions because i think we can breathe a sigh of relief that the lines of communication are open. >> are you breathing that sigh of relief?
and congress as we face the fiscal cliff. he said at one point that the president is calling for raising taxes $1.6 billion. that's true. but i would call to his attention the fact that the simpson-bowles commission suggested that 40% of the $4 trillion in deficit reduction come from revenue in taxes. what the president is suggesting is entirely consistent with that bipartisan group's call for more revenue in taxes as part of our deficit reduction. the president's made it clear, though, he wants to protect and insulate middle-income families from any income tax increases, and i agree with him. we should not raise the income taxes on those making less than $250,000 a year. i voted that way in july. we sent the bill to the house. it sits there. it languishes in the house because the speaker won't call it. he has his chance this week or the next to call that bill on the floor of the house of representatives to avoid any tax increase on middle-income families. that's an important thing for us to get done before we leave at the end of this particular session of congress. let me say that $1.6 trilli
. >>> president obama on the road today trying to sell his plan to avoid the fiscal cliff. mr. obama speaks to workers at an engine factory near detroit this afternoon. yesterday the president and house speaker john boehner met at the white house for a round of intense negotiations. there are new signs republicans are willing to go along with the president on hypertaxigher taxee wealthy. >> we have spent ourselves into a hole. will i accept a tax increase as part of a deal to actually solve our problem, yes. >> senator coburn says in return, republicans would get significant reform of entitlement programs. >> at least the two are sort of together, speaking, without cameras around. >> right. >> so they can get work done. >> the difference between the last meeting, they're not coming out and sort of saying, well, they're not budging. they're not budging. they sort of cam out and said we are not going to talk about it. a good sign too. >> i hope so. sort of riff di >>> tension is building in egypt. morsi ordered the military to keep the peace. thousand gathered outside the presidential palace
Search Results 0 to 40 of about 41 (some duplicates have been removed)